Looking ahead: What is a black swan event?

The Encyclopedia Britannica defines a Black Swan event as a “high-impact event that is difficult to predict under normal circumstances but that in retrospect appears to have been inevitable. A black swan event is unexpected and therefore difficult to prepare for but is often rationalized with the benefit of hindsight as having been unavoidable.”

Mao Zedong was a ruthless leader of mainland China whose actions killed, by one estimate, 36 million and, by another, 45 million Chinese people in his Great Leap Forward from 1958 to 1962. Mao was more than a dictator; he thought of himself as a god.

When Deng Xiaoping served as the paramount leader of communist China from 1978 to 1989, he reformed the Chinese economy into an economic powerhouse.

In 2013, Xi Jinping became President of Communist China. The Chinese economy continued to grow, but Xi, seeing himself as Mao version 2.0, enforced “disruptive economic regulations,” the Belt and Road initiatives now threaten the economy of his country in the same way our own country’s economy is threatened.

Unlike communist China, the United States is rich in resources. Any disruption of trade in the western Pacific would devastate the Chinese economy. Nonetheless, Xi Jinping is hell-bent to force Taiwan into his communist empire. He probably thinks this will be easy, as it was with the takeover of Hong Kong, but such will not and cannot be the case.

Xi Jinping has innumerable communist agents here on our soil. Chinese money has corrupted even the Executive Branch of our federal government. The communist Chinese government is steadily purchasing vast farmland here in our country. Why? That’s another story for another day, and you will not like it.

He readily recognizes the weakness of our government to defend Taiwan by the obvious incompetence of Kamala Harris and a president who is forcing or attempting to force homosexuality into all aspects of American life, from public schools to corporate board rooms via DEI.

Here in our country, Joe Biden races to implement a central bank digital currency (CBDC) by which his party can monitor and even control the finances of the political opposition. The communist Chinese CBDC serves this purpose for Xi Jinping; the Democrats assume the same outcome for this administration.

Our Congress is unable or unwilling to enforce the Constitution. Article I, Section 8 stipulates, “The Congress shall have Power … To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.”

Creation of the CBDC by the Executive Branch is unconstitutional and, therefore, not in pursuance of the Constitution, as per Article VI, the second clause, the definition of the Supreme Law of the Land.

Financial people much smarter than me foresee the US dollar price of gold rising to $3,000/ounce later this year (2023), ever greater inflation, and a global Great Depression by 2025.

The Depression will be labeled a Black Swan event even though it’s developing right in front of our eyes. When it happens, it will be seen in retrospect as having been inevitable.

John White
Rockwall, Texas

Published by John White

A lifetime (over 50 years) of experiences with automation and control systems ranging from aerospace navigation, radar, and ordinance delivery systems to the world's first robotic drilling machine for the oil patch, to process-control systems, energy management systems and general problem-solving. At present, my focus is on self-funding HVAC retrofit projects and indoor air quality with a view to preventing infections from airborne pathogens.

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